If you did not spend so much of the normal working week repeatedly posting the same opinion on here you would not need to do evenings and weekends.
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Well you have my support and I think you are underpaid for the work you do, Engineers as a group are underpaid in relative terms to other professions. I think many understand industrial relations and what really happens behind closed doors in NZ as they face it in their own work places, including at AIR. People only care about how it effects them and in the end you are the only ones in your corner.
People have already moved on..and that is just the way it is.
I get frustrated with the whole ..... (insert occupation here) are underpaid. So many industries and occupations have exceptionally skilled staff and responsibilities that could be linked to protecting life, motor mechanics for one, we drive a lot more than we fly and many more killed on the roads than in the air. Paramedics currently on a uniform strike, if you ever get hurt or sick, have a heart attack or other emergency your life is in the hands of someone on a starting salary of not much more than $50,000 p/a. The top of the tree intensive care paramedics get $80,000 odd a year, these people keep you alive when someone else crosses the centre line hitting your car with your kids in it, they work weekends, nights and stressful jobs in their own way, nurses, teachers the list goes on, how successful would our children be without good teachers? Support services of lower qualified people, they all have an important role to fill as I cant imagine the upper middle class rolling up their sleeves. What's more important, the engineer servicing an engine or the people putting the technical advice out telling them how to do it? The pilots flying the plane or the people putting the fuel in, testing the fuel, making it the right way? All cogs in the wheel.
There is so much more to things than we know, everyone is worth their salt and over the years company greed, CEO greed and the old boys club has continued to find new heights in so many businesses. France is a good example where people are kicking back, I look at my children and wonder what will be left of society as it creeps even further. When I had shares in AIR I was impressed with the bonuses when good profits were made, they could have even gone further and as a shareholder it didn't bother me one bit if it reduced my piece of the pie. I don't think the union went about it the right way, Christmas and families holidays is not a bargaining chip and I wouldn't hire the bright spark who's idea it was as management wont forget and at the end of the day they make the decisions that effect the futures of said engineers and my thoughts are they deserve more remuneration but regardless of the merits that strike action was a step too far given the potential collateral damage.
LOL because guess what ?...the economic situation and dynamic forces in the market both locally and overseas are in a constant state of flux. He who reads the changing tea leaves and changing tides of economic fortune the best gets to retire the most comfortably.
What a superb post which sums up the situation perfectly. I couldn't agree more.
This should cheer Beags up.
Tigerair Australia pilots vote to take industrial action
I especially like the bit about "take measures to fly slower"
Yes, but contrast with E Tu's position:
Quote:
"After two years of bargaining, the decision to take protected industrial action was not made lightly," says AFAP industrial officer James Lauchland.
"The industrial action will not be conducted on Christmas Day or Boxing Day, as the federation’s members want to ensure passengers can travel to be with their families and friends."
http://nzx-prod-s7fsd7f98s.s3-websit...581/292649.pdf Looks pretty good to me.
Early days but it Looks like Air NZ has taken the market share they wanted from Virgin since the end of the Virgin alliance. Be interesting to see Qantas and Virgin's numbers on the Tasman over the next year.
Long haul is starting to look a bit weak though, a load factor below 80% in any market is rare for Air NZ and a warning sign.
Long haul YTD 83.7% load factor compared to 82.4% in the same YTD period last year. Important not to read too much into any one single months stat's in my opinion.
"Based upon current market conditions and assuming an average jet fuel price of US$85 per barrel, 2019 underlying earnings before taxation is expected to be in the range of $425 million to $525 million." Annual Result
Looks like jet fuel is currently sitting at $74 $/bbl, maybe less now.
https://www.iata.org/publications/ec...ges/index.aspx
Yes jet possibly a bit less now but probably already built into the share price after gains in the last few days. I have a neutral view on the share price at $3.19 where fuel costs and demand are now and am holding for yield and hoping all workers at the airline realise they are interdependent upon each other and are realistic, fair and reasonable in their wage demands going forward and cognisant and respectful of the fact that if people hadn't stumped up with the capital to form the airline they wouldn't have a job at all, (i.e. the shareholders of the airline deserve a fair return for their capital in this high risk volatile and cyclical industry).